Evening Market Analysis on June 23
Today, the white phosphorus market mainly experienced a recovery trend, with the main contract rising to around 102,000, and the alternative commodity warming up around 2,250.
From the K-line chart, we can see that the upward correction is relatively weak, and the trading volume of white phosphorus is insufficient, leading to reduced market fluctuations. After a morning market recovery, the bears once again dominated the afternoon, with the RSI and KDJ showing a downward development trend, and EMA7 showing clear signs of crossing below EMA30. The main players are optimistic about volatility after the opening of the US stock market in the evening. In the absence of positive news, the focus remains on the bears, with attention to the upper resistance levels of 104,000/2,300 and support at 98,000/2,100.
In the evening, Yumi continues to follow the early Silk Road rebound and short positions.
Main Contract
101,500-102,000 looking down at 99,500-98,500
Alternative Commodity
2,250-2,280 looking down at 2,200-2,150
